ENROLLED ACT No. 363 2015 Regular Session HOUSE BILL NO. 808 BY REPRESENTATIVE BARRAS 1 AN ACT 2 To amend and reenact R.S. 33:130.765(A) and 130.766(A)(2)(b) and (3) and to repeal R.S. 3 33:130.766(A)(2)(d), relative to the Iberia Economic Development Authority; to 4 provide relative to the powers and duties of the authority; to authorize the authority 5 to grant rights-of-way; to provide relative to the disposition of authority property; to 6 provide relative to the adoption of resolutions or ordinances providing for such 7 disposition; to provide relative to publication and public hearing requirements; to 8 remove provisions that require the authority to receive the approval of the Iberia 9 Parish Council prior to disposing of authority property in certain circumstances; and 10 to provide for related matters. 11 Notice of intention to introduce this Act has been published 12 as provided by Article III, Section 13 of the Constitution of 13 Louisiana. 14 Be it enacted by the Legislature of Louisiana: 15 Section 1. R.S. 33:130.765(A) and 130.766(A)(2)(b) and (3) are hereby amended 16 and reenacted to read as follows: 17 §130.765. Powers of the authority 18 A. The authority, acting by and through its board, shall have and exercise all 19 powers of a political subdivision necessary or convenient for the carrying out of its 20 objects and purposes, including but not limited to the following rights and powers: 21 (1) To sue and be sued. 22 (2) To adopt, use, and alter at will a corporate seal. Page 1 of 5 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HB NO. 808 ENROLLED 1 (3) To acquire by donation, grant, purchase, lease, or otherwise or lease all 2 property, including servitudes or rights of use; to hold and use any franchise or 3 property, immovable or movable, corporeal or incorporeal, or any interest therein, 4 necessary or desirable for carrying out the objects and purposes of the authority, 5 including but not limited to the establishment, maintenance, and operation of 6 industrial parks. 7 (4) To receive by grant, donation, or otherwise any sum of money, or 8 property, aid, or assistance from the United States, the state of Louisiana, or any 9 political subdivision thereof, or any person, firm, or corporation. 10 (5) To enter into contracts for the purchase, acquisition, construction, 11 maintenance, and improvement of works and facilities necessary in connection with 12 the purposes of the authority. 13 (6) To grant rights-of-way to erect, construct, lay, operate, and maintain gas, 14 water, sewer, electric, or other utility systems and equipment for the purposes of 15 providing such utilities to persons and entities located within industrial parks, 16 industrial plant buildings, and subordinate and related facilities constructed or 17 acquired by the authority. The authority may select utility service providers, subject 18 to the provisions of R.S. 33:4160.1 and 4160.2 and R.S. 45:123 and all applicable 19 orders of the Louisiana Public Service Commission, for facilities constructed or 20 acquired by the authority. 21 (6)(7) In its own name and on its own behalf to incur debt and to issue 22 general obligation bonds, revenue bonds, certificates, notes, and other evidences of 23 indebtedness and to levy and cause to be collected ad valorem taxes as provided in 24 this Subpart and as may be provided by general law. 25 (7)(8) To require and issue licenses with respect to its properties and 26 facilities. 27 (8)(9) To regulate the imposition of fees and rentals charged by the authority 28 for its facilities and for services rendered by it. Page 2 of 5 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HB NO. 808 ENROLLED 1 (9)(10) To mortgage properties constructed or acquired and to borrow money 2 and pledge all or part of its revenues, leases, rents, or other advantages as security 3 for such loans. 4 (10)(11) To sell immovable property owned by the authority after legal 5 notice as provided by law for the judicial sale of immovable property. 6 (11)(12) To appoint officers, agents, and employees, prescribe their duties, 7 and fix their compensation. 8 (12)(13) To contract, upon such terms as it may agree upon, for legal, 9 financial, engineering, and other professional services necessary or expedient in the 10 conduct of its affairs. 11 (13)(14) To utilize the services of the executive departments of the state 12 upon mutually agreeable terms and conditions. 13 (14)(15) To do any and all things necessary or proper for the government, 14 regulation, development, and control of the business of the district. 15 * * * 16 §130.766. Industrial development 17 A. 18 * * * 19 (2) 20 * * * 21 (b) In determining the consideration for any contract to lease, sell, or 22 otherwise dispose of lands, buildings, or other property of the authority, the board 23 of commissioners may take into consideration the value of the lands, buildings, or 24 other properties involved as well as the potential value of the economic impact of the 25 enterprise being induced to locate or expand within the authority. Such economic 26 impact shall include increased employment, increased use of local labor, wages and 27 salaries to be paid, consumption of local materials, products, and resources, and 28 special tax revenue to be generated by the enterprise acquiring or leasing lands, 29 buildings, or other property from the authority. The board shall not dispose of any Page 3 of 5 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HB NO. 808 ENROLLED 1 property of the authority for less than the fair market value of the property as defined 2 in R.S. 47:2321 without the prior approval of the Iberia Parish Council. 3 * * * 4 (3)(a) The resolution or ordinance adopted by the board of commissioners 5 authorizing any lease, sale, or other disposition of lands, buildings, or other property 6 of the authority or any attachment thereto shall set forth, in a general way, the terms 7 of the authorized lease, sale, or other disposition, and such resolution or ordinance 8 shall be published as soon as possible following its adoption in one issue of the 9 official journal of the authority. 10 (b) For a period of thirty days from the date of publication of any such 11 resolution or ordinance, any interested person may contest its legality or the validity 12 of the authorized lease, sale, or other disposition of authority property, after which 13 time no one shall have any cause of action to contest such legality or validity, and 14 it shall be conclusively presumed thereafter that every legal requirement has been 15 complied with, and no court shall have authority to inquire into such matters after the 16 lapse of said thirty days. A proposed resolution or ordinance may be placed on the 17 agenda of any board meeting and introduced by any board member. 18 (c) After a proposed resolution or ordinance has been introduced, copies of 19 it shall be provided to all board members. The title of a proposed resolution or 20 ordinance shall be published once in the official journal of the authority. The notice 21 shall indicate the time and place where the board will consider its adoption. 22 (d) No resolution or ordinance shall be adopted until a public hearing on it 23 has been held. No resolution or ordinance shall be adopted at the meeting at which 24 it is introduced. 25 (e) The board shall publish each resolution or ordinance adopted by the 26 board pursuant to this Paragraph once in the official journal of the authority, within 27 twenty days of its adoption and prior to its effective date. Page 4 of 5 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HB NO. 808 ENROLLED 1 (f) Unless a resolution or ordinance specifies an earlier or later effective 2 date, the resolution or ordinance shall take effect on the thirtieth day after the 3 meeting in which the resolution or ordinance was adopted. 4 * * * 5 Section 2. R.S. 33:130.766(A)(2)(d) is hereby repealed in its entirety. SPEAKER OF THE HOUSE OF REPRESENTATIVES PRESIDENT OF THE SENATE GOVERNOR OF THE STATE OF LOUISIANA APPROVED: Page 5 of 5 CODING: Words in struck through type are deletions from existing law; words underscored are additions.